These Congressmen should know better. President Obama would never fire John Walsh because he's was recommended by Tim Geithner.

11:20 am June 23, 2011

Reagan "Che" Limbaugh wrote:

Banking should return to its roots: a boring business where folks can safely store their money. That's accomplished with strict regulations vigoriously enforced. There are other institutions that permit varying degrees of gambling.

12:41 pm June 23, 2011

JD wrote:

The administration still wants to have it both ways. It insists that banks need to hoard money for safety, but condemns them for hoarding money instead of spending it to improve the economy. Back and forth, changing by the day.

And kudos to the Democratic congressmen for insisting that anyone who says capital standards might be too high "clearly has no interest in protecting consumers". The old "everyone who disagrees with us is evil!" line, eh?

3:16 pm June 23, 2011

Reagan "Che" Limbaugh wrote:

Regulations should be adopted to increase bank capital. Once they reach that level, then they can start loaning. Not very exciting? Not a good way to make money? That's banking. A safe place for one's money.

For more risk, try a savings and loan. For more risk still, the stock market. Still more? Vegas. Since deregulation, banks have abandoned their traditional role to make as much money as possible, putting customers' money at unnecessary risk.

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Washington Wire is one of the oldest standing features in American journalism. Since the Wire launched on Sept. 20, 1940, the Journal has offered readers an informal look at the capital. Now online, the Wire provides a succession of glimpses at what’s happening behind hot stories and warnings of what to watch for in the days ahead. The Wire is led by Reid J. Epstein, with contributions from the rest of the bureau. Washington Wire now also includes Think Tank, our home for outside analysis from policy and political thinkers.